{"id":17423,"date":"2025-03-12T14:31:49","date_gmt":"2025-03-12T14:31:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17423"},"modified":"2025-03-12T14:31:49","modified_gmt":"2025-03-12T14:31:49","slug":"bolivian-state-energy-firm-to-use-crypto-to-pay-for-imports-reuters","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17423","title":{"rendered":"Bolivian State Energy Firm to Use Crypto to Pay for Imports: Reuters"},"content":{"rendered":"<div>\n<p>Bolivia&#8217;s state energy company YBFB will use cryptocurrency to pay for energy imports, according to a Reuters <a href=\"https:\/\/www.reuters.com\/markets\/bolivia-turns-crypto-energy-imports-amid-dollar-fuel-shortages-2025-03-12\/#:~:text=LA%20PAZ%2C%20March%2012%20(Reuters,official%20told%20Reuters%20on%20Wednesday\" target=\"_blank\">report<\/a>.<\/p>\n<p>YBFB hopes that using crypto will be a direct solution to the nation&#8217;s shortage in U.S. dollars and foreign currency reserves.<\/p>\n<p>The shortage comes alongside a fuel crisis spurred by a lack of natural gas exports, which had led to scattered protests across the country, the report said.<\/p>\n<p>&#8220;From now on, these (cryptocurrency) transactions will be carried out,&#8221; a YPFB spokesperson told Reuters.<\/p>\n<p>This is not the first time a South American state-owned energy firm has moved into crypto; in 2023 Agentina&#8217;s YPF <a href=\"https:\/\/www.coindesk.com\/business\/2022\/10\/03\/argentinas-state-owned-energy-company-moves-into-crypto-mining\" target=\"_blank\">announced<\/a> that it was moving into crypto mining, and last April Venezuela&#8217;s PDVSA revealed that it was using cryptocurrencies to combat U.S. imposed oil sanctions.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bolivia&#8217;s state energy company YBFB will use cryptocurrency to pay for energy imports, according to a Reuters report. YBFB hopes that using crypto will be a direct solution to the nation&#8217;s shortage in U.S. dollars and foreign currency reserves. The shortage comes alongside a fuel crisis spurred by a lack of natural gas exports, which [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17423","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17423"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17423\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}